Retail inflation slowed a nine-month low, providing comfort to the government and Reserve Bank of India. Retail inflation dropped to a nine-month low of 4.17 per cent in July from 4.92 per cent a month ago, on the back of softening food prices and a favourable base.

The Nifty 50 index rose 79.35 points or 0.70 per cent to 11,435.10, Nifty rose 96.70 pts, at the day's high of 11,452.45 intraday trade. The index rose 15.05 points, at the day's low of 11,370.80.

It saw an intra-day movement of about 81.65 points.

On the sectoral front, Pharma fell by 3.21 per cent followed by realty 1.98 per cent, media 1.41 per cent, energy 1.11 percent, IT 0.87 per cent, Bank 0.82 per cent, fmcg 0.78 per cent, finance service 0.58 per cent, Auto 0.43 per cent, metal 0.26 per cent and PSU Bank 0.18 per cent.